A Dogecoin platform developer has warned about potential scams and urged users to be cautious as some projects are trying to take advantage of Dogecoin’s popularity. In a recent tweet, Dogecoin developer Inevitable360 issued a warning to the cryptocurrency community.
Dogecoin developers warn that anyone promoting token (, a cryptocurrency asset built on existing blockchains without their own native chain, unlike Dogecoin or Bitcoin, is a coin ) in the Dogecoin community should be considered a scam. Inevitable360 warns users not to trust inflated advertisements and to be cautious of “things” being pushed by some members of the Dogecoin community.
Inevitable360 added, “If someone really wants to help others or save dogs, then no token is needed for any reason.” The warning comes as Dogecoin has made recent progress, sparking optimism in the community.
Dogecoin is progressing
On Friday, the Dogecoin Fund announced the release of version 0.1.4 of Libdogecoin, a C platform library designed to simplify the integration of Dogecoin into various applications.
Since the release of 0.1.3 in February 2024, Libdogecoin has made significant progress, including support for Dogebox, SPV PUP ( lightweight node service ) and improved key management functionality. The 0.1.4 release includes performance enhancements for Intel and ARM, added REST API extensions for SPV node, expanded safe zone support, and introduced YubiKey hardware key storage.
During the week, 21Shares, one of the largest issuers of cryptocurrency exchange-traded products (ETP) in the world, announced an exclusive partnership with House of Doge to launch the Dogecoin ETP, which will be listed on the SIX Swiss Exchange with the trading code DOGE.
The Dogecoin Foundation is currently developing the Fractal Engine, an open-source sub-chain protocol project that will enable fractional tokens such as NFTs and real-world assets to (RWA) on Dogecoin by storing data off-chain, making the Layer 1 blockchain lean and lean with a lightweight approach.
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